In this week’s edition:
Editorial: Breaking vibes, DOT catch-up, and this week's roundup with some DeFi listings.
Top Story Catchin’ Up!: Back from our break, and it’s time to catch up on the Polkadot ecosystem.
Featured Roundup: News from our Finders Program between April 24th and April 28th, plus a few DeFi listings.
Extras: Credits and anything else.
The full newsletter can be enjoyed via this link.
Editorial
What is up, my friends!
We’re back from a week’s break, and it seems that BTC has also broken out too. While crypto ETF inflows are accelerating, uncertainty is still in the air due to the tariff situation. For some, it might be time to take a RISC or two on coining content or copying strategy. And if you’re into a certain memecoin, you could be in for a dinner date.
Picking up from our last newsletter, where things started to get Giga over in the Polkadot ecosystem, we might have been early to DeFi and Hydrate matters. There’s plenty to catch up on, and we’ll try to cover the core items to mark our top story.
That said, we did manage to squeeze out a Wag roundup last week. And while we wait for more giganess, we're enhancing this week’s roundup by featuring some DeFi yields that could help quench your thirst.
If you want to yield on your content and earn while you share, consider joining us.
Dodow, Chief Editor
Top Story of the Week - Catchin’ Up!
Written by yay.oi
What’s catchin’, fishies? And Happy Birthday Mr Chief Architect! After an egg-cellent Easter break, we’ve got a lot to catch up on. So let's get cracking on reeling in the latest developments that we've missed.
Catching up on the state of the Polkadot ecosystem from a macro perspective just got a bit easier. A new dashboard on Chainspect aggregates real-time data from three system chains and fifteen parachains to provide metrics such as TPS and total transactions.
While Dotlake, Dune, and Token Terminal, provide some great insights, this aggregated data provides an immediate snapshot of the state of the protocol. It’ll be the perfect place to keep an eye on the progress of major changes in real-time, such as the upcoming launch of DOT Hub.
After two short weeks, there’s so much to catch up on in the hydrated world of GIGADOT. Shortly after the publication of Giga Launch, the GIGADOT cap filled in less than 36 hours.
Since then, the Hydration TVL has soared past 130M, the highest in the Polkadot ecosystem. The imminent passing of Hydration Referendum 76 may see that number creep even higher.
Dubbed the Black hole-ening, it will increase the GIGADOT cap by four times to 8.88M and increase its borrowing power by adding it to the DOT e-mode category in the money market. If that’s not enough to get your loops iterating, how do 90 days of HDX and BNC incentives sound?
Still not convinced? You’d better take a look atPolkadot Referendum 1542. The GIGAHydration Campaign is requesting 5M DOT for Hydration DeFi incentives over twelve months. That’s five times more than last year’s DOT Incentives campaign.......................…….
Check out our full newsletter for the full story.
Featured Wag Roundup - DOT DeFi Listings
Written by Dodow
The Summer Raise Liquidity kicked off last June with Polkadot treasury-funded incentives. It was Time for Hydration, and things were also looking Stella on one of Moonbeam’s top destinations, which got funded too.
Although things didn’t exactly push on last time, the outlook this time round is looking promising. We’ve now got trustless bridging choices, LSDs making waves, Giga vibes, Hydrated TVL, expected growth through DOT Hub, and more.
With GDOT capped out, moar immediate relief is on the way to hit the spot. That said, the proposed plan is to OpenGov for larger stakes. In the meantime, here’s a selection of steady yield opportunities that might keep you occupied.
Since we’re listing DeFi, this is not for financial advice. DYOR, as yields can change quickly and may not reflect current rates. As always, please proceed with caution.
The momentum from gigaDOT attracted attention from The Modern Market as well as the broader CT space to Hydration’s stablecoin pool. If your Micro Strategy is stacking sats, there’s also a solid yield opportunity.
2-Pool (USDC & USDT) on Hydration ~20.7%
tBTC on Hydration ~12.89%
StellaSwap’s proposal to register Snowbridge assets passed, so ETH and wBTC incentives are coming. If you can’t wait, you might consider earning some DOT on their stablecoin pools.
USDC/USDT on StellaSwap ~14.85%
USDC.axl/USDC on StellaSwap ~13.10%
Moonwell’s Moonbeam market recently switched oracles. There might be an enticing stablecoin lending yield for ya.
Supply USDC.wh on Moonwell ~14.8%
Not into DeFi? Then catch up with this week’s news roundup, found by the community. Curated by the community. Backed by OpenGov.
Get off the mark quickly with Polkadot’s Fast-Grants Program, where $10k in funding to build on-chain can be approved in just 3 days.
Polkadot performance metrics are now live on Chainspect. There’s a growing number of chains across the entire Web3 space integrating, including fifteen parachains.
Integritee won first prize for Best Startup in Zurich, along with several strong placements in other categories at the Hackernoon Awards.
Check out the very first ERC-20 token transfer to Kusama via Snowbridge.
Easy-A Harvard Polkadot Hackathon winners Mosh (ticketing) and Tippin’ Dots (social media tipping) received $5K.
The Web3 Foundation has launched Wave 25 of its EcoDev program. This time, the emphasis is on forming strategic partnerships with selected teams, to facilitate a shared vision and help tackle Polkadot ecosystem challenges. It also aims to improve coordination of business initiatives across parachains and the coming hub, while continuing support for the Decentralized Futures program.
Built on Brale's regulated stablecoin infrastructure, dUSD launches on Kusama to help usher in cypherpunk innovation. It also introduces a revenue-sharing model that helps fuel chaotic initiatives.
Peaq launches an updated roadmap, which includes a DePIN launchpad, machine economy DEX, native yield-bearing stablecoin, machine RWAs, and a machine money market.
Mythos sets a new record with a marketplace net flow of 3.8M MYTH.
As part of the Polkadot Treasury’s stablecoin DCA strategy, 8M DOT was swapped for aDOT and boosted Hydration’s TVL to a new all-time high of $130M.
It could get even more Giga, as Polkadot OpenGov Referendum 1542 sees Hydration request a colossal 5M DOT for DeFi incentives to support the Polkadot GIGAHydration Campaign. The breakdown includes 2M DOT each for stablecoin and LP incentives, as well as 1M DOT for GDOT incentives.
If you're looking to grab some gigaDOT and earn more giga rewards, you'll want Hydration Referendum 76 to pass. It would raise GDOT’s cap to 8.88M and unlock an additional 2,222,222 HDX and 214,285 BNC in additional incentives.
DAO governance was the focus on April 25, with hosts Polkaworld and representatives from Permanence DAO, Polkadot Hungary, and JAM DAO.
OriginTrail will meet up with Microsoft and umanitek at DKGcon in New York on May 6th.
Check out the full newsletter for a roundup of all of the news from 24th April to 30th April.
Extras
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